Detailed text transcripts for TV channel - FOXNEWS - 20110224:23:03:00
Pension for those working workin the public and then those in the private sector. >> reporter: nationally, taxpayer pay $2 for every $1 a public worker puts puts in the retirement. in the private sector, it's the opposite. employees put in 6% of the annual salary and gate 3% employer match. giving them $149 401(k) to generate $900 in retirement income. the average public pension pays out $22,000 a year. for that, you need $370,000 401(k). >> bret: when they see. >> when they see public employee have salary not in line with the private sector and they get pension that are out of line with the p...
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